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With this being the first post after the 0700 RNS contract, it shows that the interest in this company is still very much under the radar.
With a market cap of only 125 mil, once it does gain investor traction, with a few more contracts the sp will fly.
Forgot to say -
For the bottoms, see Sep 2018 and Feb 2019
Forgot to say -
For the bottoms, see Sep 2018 and Feb 2019
In my opinion, ECK is in a classic Double Bottom Reversal and will soon take out its last high of 53p.
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:double_bottom_reversal
I suppose the price rise is not bad considering they said "in line with expectations"
I forgot to say -
It is a long book and just what we need to pass the time as we wait until the end of October for the dividend to be paid. Very thrilling ending.
I expect the dividend to keep on rising year after year and with other sectors of the economy in trouble, I see ECK as a recession proof bet.
I've just noticed your name spendapenny.
It reminded me of this line from chapter two of this crime thriller -
"Although Americans and the British spoke, apparently, the same language, these two had come across enough differences to add a little amusement to their banter, however Dan no longer had to wonder what it was Nigel that was going to spend a penny on."
The Perdix Project, by Teddy Tunstall
https://www.amazon.co.uk/dp/B07SJNP9S4
You can read all of chapter one and most of chapter two for free, see the "Look inside" link.
It is a mystery thriller with lots of logical deduction and science-based clues.
There are strange events at a Hampshire golf club. In the Atlantic, a Royal Navy missile test goes unexpectedly wrong. There are anomalies in the Bank of England's gold vault. A huge crash causes the abandonment of a Formula One race meeting, the weights recorded at a boxing match weigh-in are disputed and wild rumours are spreading on the social media pages of weight-loss groups.
Nigel Bretby is the only person to realise that there is a connection between these apparently unrelated events, but the explanation is too incredible to be believed because it seems that the mysterious connection is also linked to a sudden shift in the orbit of the International Space Station and worldwide GPS problems.
Join the detective duo as the clues lead them to various locations in England and Scotland. See if you can spot which clues are vital to the investigation and which are red herrings.
Share in Nigel's sense of disbelief as he finds himself caving under the Peak District on the hunt for the cause of the shift in the orbit of the International Space Station.
Whoops, sorry, ignore the line about FLX. I meant to delete it. It is the last sentence that I wanted to say.
I agree with you about "in line with expectations" and dismayed to see that someone has dumped a million shares.
Look at this -
• strong performance
• strong sales pipelines
• high client retention rates
• high levels of recurring revenue combined with the record levels of new business
• excellent revenue visibility for the year and beyond
• the Board's confidence that the long-term prospects for Eckoh remain extremely positive
In my opinion, anything less from FLX will show that they can not live up to the ambitious plans expressed in the video interviews.
you are right about "This is a great little company for long term.".
I'm always nervous about that phrase. Results are again very positive with excellent cash balance and forward bookings. But markets tend to be apathetic towards anything that is"in line with". But repeat business is the significant part for me, as revenues will continue to grow alongside any new contracts. Let's hope the markets aren't unduly harsh. This is a great little company for long term.
..expectations?
Could the take-off that I forecast, actually be triggered by this RNS news - BlackRock has bought a chunk -
https://www.investegate.co.uk/eckoh-plc--eck-/rns/holding-s--in-company/201906061616324379B/
I hope so, as I am fed up of waiting. Still, waiting has given me time to read this fantastic techno-thriller -
The Perdix Project, by Teddy Tunstall
https://www.amazon.co.uk/dp/B07SJNP9S4
24 May 2019:
"Eckoh (AIM: ECK), the global provider of secure payment products and customer contact solutions, has won the Judges' Award for the Best Contact Centre Solution at the annual Card Not Present (‘CNP’) Awards 2019."
https://www.eckoh.com/resources/news/item/best-contact-centre-solution-judges-award-goes-to-eckoh-s-callguard
and at the not so insignificant Ministry of Justice:
"EckohPAY cuts the cost of collecting fines by 95%, improving departmental efficiency."
https://twitter.com/Eckoh/status/1132561261080850432
26 May 2019
This is a nice burst of buying this afternoon. I think the ECK sp is going to rocket.
"Eckoh continues to see momentum with larger-scale opportunities
The group has an excellent sales pipeline and continues to see momentum with larger-scale opportunities at enterprise level in both divisions."
https://www.proactiveinvestors.co.uk/companies/news/220191/eckoh-continues-to-see-momentum-with-larger-scale-opportunities-220191.html
I might be jumping the gun a bit here - but today's trading and price action makes me think I was right in my last post about what the chart indicates.
If I am right, expect good things soon.
I have never studied charting \ TA, but does anyone think the ECK chart shows signs of being an ascending triangle? Thanks.
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:ascending_triangle_continuation
The trades screen is now showing a buy of 1,050,000 shares at 16:27 yesterday. 383.25K
The other one was at 16:25 yesterday, a buy of a million shares. £365K
Yesterday - 1,000,000 bought for £365K. It's on somebody's radar.
Provided there is no tremendous general stock market crash, this stock is going only one way.
I think that the company is under most peoples radar.
Once this does start to get notices, that's when I think the fireworks will start.
As financials and sales businesses concerns are being held more and more to account re hacking/fraud the market is ever looking for companies such as Echoh.
Why is this board so quiet? Why is there so little interest in a company that has such excellent prospects? Very odd.
It is looking like the contract volume is going from strength to strength and as fraud increases all I can see for ECK is a win win.
They do have competitors, but if you do sufficient research their secure contact payment system looks stronger than all that competition.
It also looks good when a customer approaches a company due to the word getting round, as mentioned in the RNS.
With increasing revenue and a strong covered dividend, whats not to like about this company.
I like this company as a growth stock with takeover potential, but there is something worrying me and I am wondering if anyone else is troubled by it.
How would you feel if there is a rerating of ECK and the sp jumps to 55p or possibly 60p, but you lost your shares? They are taken away - confiscated.
Do you have your shares in an online account rather than holding a certificate at home?
In your online broker's Terms & Conditions, are there words to this effect?
"any investments held on your behalf may be pooled with those investments of other
customers" -
and -
"in the event of an unreconciled shortfall caused by the default of a custodian, you may share proportionately in that shortfall"
Two years ago, I switched brokers because my last broker introduced that clause and now the broker I switched to has introduced it.
Of course they talk about the "extremely unlikely" event of a custodian going bust, but they would say that wouldn't they. They call it extremely unlikely, but in a recession it can get ugly very quickly.
I'm surprised that shareholders aren't up in arms about this - they (brokers who have that clause in their T&Cs) are effectively saying that we can lose our shares due to no fault of our own, but to the activities of others who are entrusted to look after our shares. It is outrageous.
Can anyone recommend a good UK broker that does not have that clause? Thanks.
Hoping there never is a shortfall, and lets have ECK at 60p soon. GLA.